22, February, 2024
HomeBusinessVodafone Idea Takes Control: Plans to Insource Managed Services as Tata Comm Unit Ends Deal

Vodafone Idea Takes Control: Plans to Insource Managed Services as Tata Comm Unit Ends Deal

Published on

Cash-strapped telecom operator Vodafone Idea has decided to insource some managed services following the termination of the contract with Tata Communications Transformation Services (TCTS).

Read Also | Helicopter Service Takes Off: Explore Ticket Fares and Advance Booking Details for Ayodhya

The move, prompted by non-payment of dues, particularly affects the operation and maintenance of Vodafone Idea’s fiber assets, previously handled by TCTS. Despite the transition, Vodafone Idea assures its customers that services will remain unaffected.

TCTS terminated the contract after Vodafone Idea failed to clear dues amounting to Rs 221.19 crore, an increase from Rs 171.5 crore as of March the previous year. In response to this development, Vodafone Idea spokesperson stated that they have mutually agreed to a planned transition, aligning with the model the company followed before outsourcing these services to TCTS.

The telecom industry has been closely watching Vodafone Idea’s financial challenges, and Bharti Enterprise chairperson Sunil Mittal emphasized the need for substantial investment and capital strengthening.

Read Also | Tata Motors Set to Unveil Altroz EV in 2025: A Glimpse into India’s Electric Future

Despite recent setbacks, including the inability to secure funding for 5G network technologies, Vodafone Idea remains determined to navigate its financial complexities.


Latest articles

India-China Corps Commander Talks: 21st Round Addresses Disengagement Challenges

The 21st Corps Commander Level Meeting between India and China unfolded on Monday at...

Centre Urges Dialogue as Farmers Tear-Gassed: Latest Developments in Delhi Chalo Protest

On Wednesday, the Centre appealed to protesting farmers for the fifth round of talks,...

UN Halts Vital Food Aid to Northern Gaza Amid Escalating Violence

The World Food Programme (WFP), a key humanitarian organization, has suspended crucial food deliveries...

More like this

Navigating Market Volatility: Insights from Trivesh D, COO of Tradejini, Ahead of 2024 Elections

In anticipation of the upcoming elections, Trivesh D, Chief Operating Officer at Tradejini, foresees...

Davangere Sugar Company Ltd Surges After Record Q3 Results: A Multibagger Stock in Focus

Davangere Sugar Company Ltd, a standout multibagger in the Indian stock market, has witnessed...

Unlocking Investment Potential: Insights from Manish Goel on Navigating Market Trends and Opportunities

Manish Goel, the visionary Founder & MD of Research & Ranking, envisions a promising...
Enable Notifications OK